Income StatementBalance SheetCash FlowSegments
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Republic Services Business Segments

Business, geographic, and product segment breakdowns

Republic Services generates $16.7B in annual revenue across 3 key segments: Group 1 ($8.8B), Group 2 ($8.3B), and Group 3 ($1.7B). The company-wide operating margin is 19.93%. Based on the Q1 2026 filing.

Group 1 (TTM)$8.8BGroup 2 (TTM)$8.3BGroup 3 (TTM)$1.7B
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$64.3B
P/E Ratio29.63
ROE18.35%

Products & Services

Net revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collection Service Line Smallcontainer$1.2B$1.2B$1.3B$1.3B$1.3B$1.3B
Collection Service Line Largecontainer$746.0M$739.0M$794.0M$797.0M$768.0M$768.0M
Collection Service Line Residential$743.0M$743.0M$752.0M$754.0M$761.0M$747.0M
Environmental solutions$499.0M$466.0M$478.0M$449.0M$435.0M$417.0M
Other Service Line Sale Of Recycled Commodities$98.0M$108.0M$114.0M$107.0M$105.0M$112.0M
Other Service Line Other Noncore$92.0M$100.0M$100.0M$97.0M$95.0M$105.0M
Collection Service Line Other$18.0M$18.0M$17.0M$17.0M$17.0M$17.0M

Revenue as a percentage of total revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collection Service Line Smallcontainer0.1%31.0%29.7%30.1%0.2%31.8%
Collection Service Line Largecontainer—18.4%18.7%18.9%—18.7%
Collection Service Line Residential—18.6%17.8%17.9%0.1%18.2%
Landfill Service Line0.1%10.5%12.2%12.3%—11.0%
Environmental solutions0.1%11.2%10.9%10.3%—9.8%
Transfer Service Line—4.7%5.2%5.3%—4.9%
Other Service Line Sale Of Recycled Commodities—2.7%2.7%2.5%—2.7%
Other Service Line Other Noncore—2.5%2.4%2.3%—2.5%
Collection Service Line Other—0.4%0.4%0.4%—0.4%

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Service Line$190.0M$208.0M$214.0M$204.0M$200.0M$217.0M

Revenue From Contract With Customer Excluding Assessed Tax Percentage Of Total

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Service Line—5.2%5.1%4.8%—5.2%

Geographic

Finance leases and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Arizona$53.0M$76.0M$105.0M$120.0M$148.0M$154.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Canada$45.5M$47.0M$47.0M$47.0M$47.0M—

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Canada$128.0M———$136.0M—

Business Segments

Adjusted EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Group 1$573.0M$598.0M$622.0M$660.0M$640.0M$669.0M
Group 2$563.0M$577.0M$630.0M$635.0M$570.0M$575.0M
Group 3$117.0M$93.0M$109.0M$88.0M$85.0M$78.0M

CapEx

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Group 1$329.0M$158.0M$217.0M$171.0M$322.0M$276.0M
Group 2$188.0M$96.0M$158.0M$171.0M$189.0M$153.0M
Group 3 (Environmental Solutions)$49.0M$35.0M$37.0M$45.0M$63.0M$29.0M

Cost of operations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Group 1$1.0B$1.0B$1.1B$1.1B$1.1B$1.1B
Group 2$1.0B$1.0B$1.1B$1.1B$1.1B$1.0B
Group 3 (Environmental Solutions)$303.0M$286.0M$285.0M$276.0M$269.0M$266.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Group 1$7.5B$7.5B$7.5B$7.6B$7.6B$7.7B
Group 2$6.4B$6.5B$6.5B$6.5B$6.6B$6.6B
Group 3$2.1B$2.6B$2.6B$2.6B$2.5B$2.6B

Goodwill, Acquired During Period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Group 1$144.5M$34.0M$2.0M$32.0M$3.0M$137.0M
Group 2$0.0$38.0M$32.0M$38.0M$46.0M$56.0M
Group 3$0.0$526.0M———$25.0M

Goodwill, Measurement Period Adjustment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Group 2-$8.1M-$1.0M$7.0M—$3.0M-$7.0M
Group 1—$6.0M—$6.0M—$0.0
Group 3-$29.5M$0.0$3.0M——$0.0

Goodwill, Written off Related to Sale of Business Unit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Group 1$0.0$0.0$0.0$0.0$1.0M$0.0
Group 2-$300.0K$0.0$1.0M——$0.0
Group 3$0.0$0.0$1.0M——$0.0

Gross revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Group 1$2.0B$2.1B$2.2B$2.2B$2.2B$2.2B
Group 2$2.0B$2.0B$2.1B$2.1B$2.0B$2.0B
Group 3$485.0M$454.0M$466.0M$440.0M$424.0M$407.0M

Revenue allocations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Group 1$31.0M$37.0M$33.0M$39.0M$43.0M$44.0M
Group 2$30.0M$35.0M$31.0M$35.0M$40.0M$39.0M
Group 3$10.0M$8.0M$8.0M$6.0M$8.0M$7.0M

SG&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Group 1$198.0M$187.0M$183.0M$184.0M$197.0M$191.0M
Group 2$187.0M$170.0M$174.0M$169.0M$171.0M$173.0M
Group 3 (Environmental Solutions)$62.0M$70.0M$68.0M$69.0M$68.0M$61.0M

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Group 1$14.0B$14.0B$14.1B$14.2B$14.4B$14.7B
Group 2$11.3B$11.3B$11.4B$11.5B$11.6B$11.6B
Group 3$4.5B$5.1B$5.1B$5.1B$5.2B$5.2B